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In this video, the speaker explains the key differences between 'cancelled' and 'withdrawn' listings in real estate. A cancelled listing occurs when a listing agreement is fully terminated, indicating that the sale process has completely stopped. It shows that both the listing broker and the seller have agreed to end their arrangement. In contrast, a withdrawn property suggests that the marketing and showing of the property have ceased, but there are still unresolved issues between the seller and the listing broker, such as disputes regarding fees or other matters that need to be resolved. Understanding these distinctions is important for real estate professionals.
